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10241 Rivers Trail Dr Orlando, FL 32817

3 Beds 2 Baths 1,919 sqft Built 2000

$329,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $171.91
  • 4 Days on Market
  • MLS # : O5906347
  • Updated Date : 11/19/2020 at 13:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,919 sqft
  • Baths : 2 full
Listing Agent

Mainframe Real Estate

Listing Agent's Description

Immaculate move-in ready home located in beautiful Riverwalk on a stunning conservation lot. As you enter the home you are greeted with an abundance of natural light. This open floor plan home boasts vaulted ceilings, skylight, plantation shutters throughout, solid wood cherry kitchen cabinets, newer Samsung stainless steel appliances, newer roof (2015) and newer a/c (2016). The split floor plan features a spacious master bedroom with en-suite bathroom including jacuzzi tub and large walk-in closet. The multiple living spaces in this home are open and spacious for entertaining and creating different flex spaces for all family members. Formal dining, living and family room, in addition to eat-in space in the kitchen equipped with a breakfast bar to comfortably fit four. The outdoor screened porch is where you will spend most of your time sipping your coffee or working from home. This private oasis allows you to enjoy Florida's nature all in the comfort of your home. The home is only a five minute walk to beautiful Jay Blanchard Park. This 84 acre park includes 8 miles of Little Econ Greenway trail with the stunning Little Econ River running right through it! There are picnic tables, basketball courts, tennis courts, walking/jogging path, multiple playgrounds, soccer fields, canoeing, wildlife watching and the list goes on! Convenient to UCF, Valencia Community College, Full Sail & YMCA, the 408 and Downtown Orlando. Call for your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • Orlando metro's economy is worth $141 billion in Gross Metro Product and projected to grow to $149 billion in 2019 (USMayors.org, 2018)
  • Together Walt Disney World Resort and Universal Orlando Resort employ 96,000 people and drive tourism (Orlando Economic Partnership)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)
  • Orlando metro contributes to 13.8% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • Orlando metro has 64.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)
  • Major employers in Orlando market: Walt Disney World Resort; Advent Health; Universal Orlando Resort; Orange County Public Schools; University of Central Florida; Lockheed Martin; and Darden Restaurants.
  • Space coast area has attracted $1.4 billion in capital investments over the past 6-years and generated 1,800 new jobs in 2017 (WSJ, 2017)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Orlando inherits the same rank being part of Florida.

PRICE & RENT TRENDS

Neighborhood: Riverwalk

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k332k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Riverwalk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7481712

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,217
Property Tax -$375
Property Insurance -$151
HOA -$27
Property Management Fees -$159
CASH FLOW
-$159

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$329,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$5,121

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,770

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,842

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,735
1$1,7352$1,7703$1,7754$1,7955$1,835
$1,835
RENT COMPS ANALYSIS
  • 10241 Rivers Trail Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.92
    •  
  • 3012 Carley Estates Ct Orlando, FL 1
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2013
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.93
    •  
  • 10273 Rivers Trail Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1998
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.02
    •  
  • 3218 Buck Hill Pl Orlando, FL 4
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2001
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 3144 Buck Hill Pl Orlando, FL 5
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2001
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.87
    •  
PROPERTY LISTING DETAILS
Katie Bray
1.407.779.6677
Mainframe Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5906347
Last Updated: 11/19/2020
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